Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Dogecoin Is Jumping Today

TheMotleyFool 
0 0 10.01.25
Why Dogecoin Is Jumping Today:
 

Dogecoin (CRYPTO: DOGE) is seeing significant gains in Friday's trading. The cryptocurrency's token price was up 4.5% over the past 24 hours, as of 4:30 p.m. ET. Meanwhile, the price of Bitcoin was up 2.9%, and the price of Ethereum was up 1.7%.

Despite a big pullback for the stock market due to macroeconomic news today, the cryptocurrency market is proving quite resilient and posting gains. Dogecoin is seeing stronger gains than most major tokens, and its valuation could be getting a boost from possible inclusion in a new security from Grayscale and a recent bullish forecast.

Stocks sold off in Friday's trading after the Bureau of Labor Statistics published a report showing that 256,000 jobs were added in December. The average economist estimate had called for 155,000 jobs to be added in the period, and the higher-than-anticipated results sparked new fears about inflation and sent stocks tumbling.

Continue reading


Source Fool.com

Like: 0
DOGE
Share

Comments

Not a member yet? Sign up for free!